El Salvador’s authorities have acquired another 21 bitcoins
The purchase was made in honor of the date December 21
23.12.2021 - 07:05
170
1 min
0
What’s new? El Salvador's President Nayib Bukele announced on his Twitter about the purchase of additional bitcoins in honor of “the 21st day of the last month of the 21st year of the 21st century.” In total, the government has replenished its budget by 21 coins.
And we are buying 21 #bitcoin for the occasion 🥳 https://t.co/xKo80nhYOn— Nayib Bukele 🇸🇻 (@nayibbukele) December 22, 2021
What else is known about the deal? The total amount was $1,034 million. According to Bukele, the purchase of the 21 coins is filled with a special symbolism. For example, El Salvador’s land area is 21 000 square kilometers and the issue of bitcoin is 21 million coins. The transaction was also timed to the number 21 and was made at 21:21:21 local time.
“Coincidence? I do not think so!” was the comment made by the president of El Salvador.
What had happened before? As previously stated, the authorities may soon sell $1 billion worth of bitcoin bonds. El Salvador plans to invest half of the amount in the infrastructure of the world's first cryptocurrency city, Bitcoin City, and the mining of digital currency. The other part is planned to be used for the purchase of additional BTC.
Useful material?
Incidents
Scammers took advantage of the former US president’s recent announcement of a real DeFi protocol
Sep 4, 2024
Technologies
The upgrade is aimed at implementing a new decentralized project governance system
Sep 2, 2024
Incidents
The company placed $2б4 billion in bonds maturing in 2026, but their value has fallen dramatically since the entrepreneur’s arrest
Aug 30, 2024
Incidents
In both cases, depending on the outcome of the investigations, the messenger could be blocked
Aug 29, 2024
Market
The project will offer a decentralized alternative to traditional banking services
Aug 29, 2024
Trends
Within a week of its launch, the platform managed to overtake its main competitor, Pump.fun on the Solana network
Aug 28, 2024